INDIA STARTUP ANNOUNCEMENTS #33

Welcome to this 33rd post on the Startup Announcements. This is the weekly roundup on funding and acquisition around startups in India.

Some notable funding announcements:

Diabetes Companion App HealthPlix Raises Rs.1.6Cr in Angel Funding

Healthcare is waiting for disruption & with the rise of diabetes in India we will see more HealthPlix & likes coming to market.

P2P Bitcoin Transfer Network Abra Raises Funding from Ratan Tata and Others

There you go, waiting to see more of Bitcoin funding announcement coming from India soon, US market is still trying to figure out what to do with Bitcoin BTW.

Opinio secures $7M from Delhivery, Sands Capital & Accel

Opinio is competing with Roadrunnr & its time to scale & hence this funding. It should be notes that they are getting funded from Delhivery, the startup also in hyperlocal.

Some notable Acquisition announcements:

Citrus acqui-hires payments company Zwitch

Citrus just raised fresh funding round & first news is this acquihire. The e-payment market is hot & Citrus has been one of the oldies, i hope this will get them fresh tech team to solve some technical challenges.

Some notable Layoff/Departures/Closure/Appointments announcements:

Freshdesk appoints Nishant Rao as COO

Freshdesk is one of the few SaaS success story from India, Nishant will have huge responsibility on his shoulder. I hope he delivers.

I will try to come up with similar list every week, feel free to let me know some worthwhile announcement which i can post here. @koolhead17 ☺